Prophix
April 20, 2019

Prophix

Paul Frydman | TrustRadius Reviewer
Score 10 out of 10
Vetted Review

Overall Satisfaction with Prophix

Prophix is being used across the organization by all business units for the purpose of budgeting, forecasting, and financial reporting.
  • Automation of the budget process and elimination of Excel.
  • Easy to use reporting that enables quick filtering of data elements.
  • Ability to access reporting from anywhere anytime.
  • Performance.
  • Ability to "copy" existing reports.
  • Streamlined budgeting.
  • Performance.
  • Eliminate Excel.
Extremely easy.
This is very important as we look to control costs associated with business applications.
Because this helps transform our business as it relates to providing timely financial information to our business leaders.
I believe all organizations focused on FP&A (who wouldn't be?) need Prophix. Financial reporting tools are changing and Prophix is at the forefront of this evolution.

Prophix Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
Financial data consolidation
10
Journal entries and reports
Not Rated
Multi-currency management
10
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
Not Rated
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
Not Rated
Automated board and financial reporting
10
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
Not Rated
Flat file integration
9
Excel data integration
10
Direct links to 3rd-party data sources
10